Atlantis Discovered by Google Earth?!

Is Google covering up the discovery of the lost sunken city of Atlantis? Apparently, a British aeronautical engineer was using the new Google Earth 5.0 software to scan the ocean 600 miles off the coast of Africa, west of the Canary Islands when he discovered what appears to be a street grid pattern.


Atlantis?

I first found this story published by Caroline McCarthy from Cnet News via Digg.com. Google is officially denying the rumors that Atlantis has been discovered, but are they just trying to hide something?

With Google's recent announcement that they will begin extensively mapping the ocean floor, maybe we will get more detailed images of this "grid" soon.

The exact coordinates for this location (which can be seen here on Google Maps) is 31 15'15.53N, 24 15'30.53W.

This is very random, but McCarthy ends her article with fun LOST reference:
"In other news, that pendulum map on last week's Lost was totally awesome."